purchase from farmers
This query is : Open
24 September 2017
Dear experts
I have purchase some taxable goods from farmers, my question is RCM is applicable if I purchased goods from farmers???
24 September 2017
If the goods are under exempted goods then no but you are saying goods are taxable then it will be considered purchase from Unregistered dealer liable to be charged u/s 9 (4) of RCM
Message likes :
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25 September 2017
are the goods covered under exempt goods?
25 September 2017
Yes...
The purchasing goods are taxable then you ll be pay Tax under RCM basis....
If it is exempted then no need...
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